PayPal Buys Honey Science Corp. for $4 Billion

Chris Arreguin, left, and Stephanie Crim speak about Honey Science Corp. Feb. 26 at the University Club while moderator Jacques Habra looks on.

Two members of a Santa Barbara company, that was just acquired by PayPal last month in a mostly cash deal for $4 billion, told a small crowd their platform is getting some 20 million average users per week. 

Honey Science Corp.’s deal-finding shopper browser extension and app also is on more than 30,000 merchant websites. The deal also means Honey will have access to PayPal’s 275 million users. 

Chris Arreguin and Stephanie Crim spoke Feb. 26 at the University Club of Santa Barbara about Honey. 

Arreguin runs the revenue team at Honey. He builds relationships with startup and blue-chip companies. He also plays a role in developing company strategy.  

Crim leads the international partnerships team for Honey. For the past five years, she helped develop and grow the revenue department in Santa Barbara, New York, London and Sydney. 

The company also has an office in Los Angeles. 

Honey started as a browser extension that tracked promo codes, but has since grown into a tool that also tracks pricing history, alerts users about price drops on items in their wish lists, and offers rebates or rewards through its “Honey Gold” program. 

The company takes the principles of what Kayak did for travel and does the same for shoppers. 

Posted Feb. 27, 2020. 

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